Hong Mungi, CEO of HJ Heavy Industries, Inaugurated as the First President of the Korea Port Equipment Industry Association

Hong Moon-gi, CEO of HJ Heavy Industries, has been inaugurated as the first president of the Korea Port Equipment Industry Association.

At the founding ceremony of the Korea Port Equipment Industry Association held on the 15th at the Grand Hyatt Seoul in Hannam-dong, Yongsan-gu, Seoul, Hong Moon-gi, CEO of HJ Heavy Industries, who was inaugurated as the first president of the association (right), and Cho Seung-hwan, Minister of Oceans and Fisheries, are holding the association flag and taking a commemorative photo. / Photo by HJ Heavy Industries

On the 15th, the association held its inaugural ceremony at the Grand Hyatt Seoul in Hannam-dong, Yongsan-gu, Seoul, and appointed CEO Hong Moon-gi as its president. The event was attended by more than 100 industry officials, including Cho Seung-hwan, Minister of Oceans and Fisheries.

The establishment of the association aims to foster the port equipment industry and enhance related technologies. As automation and intelligence of port equipment are increasingly demanded, leading companies in the fields of port cranes, Automated Guided Vehicles (AGV), and port operation systems have united their efforts. Member companies include HJ Heavy Industries, Doosan Enerbility, Hyundai Rotem, Seoho Electric, Hanmi Techwin, Cyberlogitec, and Total Softbank.

The industry expects the global port automation equipment market to grow from $3.8 billion in 2019 to $5.7 billion by 2027, at an average annual growth rate of 6.4%. Plans are underway to introduce approximately 2 trillion KRW worth of port automation equipment at domestic ports such as Busan New Port, Gwangyang Port, Incheon New Port, and Jinhae New Port.

In response, the association plans to take the lead in ▲ analyzing industry trends and sharing information ▲ supporting the development and industrialization of smart and automated equipment technologies ▲ supporting joint overseas market entry and international cooperation ▲ and providing education for nurturing talent related to port equipment.

President Hong Moon-gi stated, "We will actively seek ways for the development and mutual growth of the domestic port equipment and materials industry, serving as a bridge between the private sector and government, and focus our capabilities to help the industry expand not only domestically but also into overseas markets."

Minister Cho Seung-hwan also emphasized, "I hope that through the association, the domestic port equipment industry will respond to the transition to port automation and intelligence and develop into an industry that leads the global market. The government will also provide active support."

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